FBS

FBS Review: Regulation, Fees and Broker Analysis

Unclaimed profile

FBS holds genuine CySEC and ASIC licenses, but most global clients trade under its lightly regulated Belize entity — and a recent spike in complaints alongside a Malaysia regula…

Best forBeginnersLow DepositCopy Trading

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79

/ 100

BrokerBazaar Score

Good

Evidence-based, 0–100

Data confidence 70%

$5

Min Deposit

0.7 Pips

Spreads From (indicative)

1:3000

Max Retail Leverage

$0 (Standard)

Commission

Group-level figures · Full cost schedule

Researched by
BB Team
Reviewed by
BB Team
Last verified
23 Sep 2026
Next review due
22 Dec 2026

How we tested this broker·Meet the review team

Section 01

About

About FBS

Company Provided

FBS is a global broker with 27 million traders worldwide. Known for their beginner-friendly approach, generous bonuses, and very low entry barrier with cent accounts starting from $1.

Since 2009 Belize City, Belize 1 regulators listed

Expert Verdict

FBS holds genuine CySEC and ASIC licenses, but most global clients trade under its lightly regulated Belize entity — and a recent spike in complaints alongside a Malaysia regulatory alert warrants real caution.

Pros

  • Ultra-low $1 minimum deposit
  • Cent accounts for practice
  • Very high leverage up to 1:3000
  • Regular bonuses and promotions
  • Good mobile trading app

Cons

  • Weaker regulation compared to top-tier brokers
  • Higher spreads on basic accounts
  • Limited advanced analytical tools

BrokerBazaar Overview

Independent

BS is a large, long-running broker founded in 2009, holding verifiable licenses from CySEC (Cyprus, 331/17) and ASIC (Australia, 426359) in addition to its primary Belize entity (FSC, 4077102). This regulatory spread is real and independently confirmed, giving FBS more credibility than a purely offshore broker.

However, the majority of FBS's global client base — particularly across Southeast Asia, where the broker markets heavily — is served by the Belize entity, which offers far higher leverage (up to 1:3000) but comes with minimal investor protection and no compensation scheme, unlike the CySEC entity's €20,000 Investor Compensation Fund coverage.

Two findings stand out as genuine causes for caution: FBS currently appears on Malaysia's Securities Commission Investor Alert List for offering unauthorised services, and Japan's FSA previously issued a public warning over unregistered operations. Separately, independent monitoring shows a sharp recent decline in FBS's risk score, driven by a documented spike in user complaints — over 170 in a recent three-month period — concentrated around withdrawal delays and disputed profit adjustments.

None of this proves fraud, and FBS's core licenses are real. But relative to brokers with a cleaner recent complaint history and no active regulatory alerts, FBS carries a materially higher risk profile — particularly for clients trading under its Belize entity rather than its EU or Australian ones.

Key Features

Regulated Broker
MetaTrader Platforms
FBS

FBS

Regulated Broker

Min Deposit$5
Max Retail Leverage1:3000
Spreads (indicative)0.7 Pips

External website · BrokerBazaar does not receive a trading commission from this link.

3

Platforms

2009

Est. Since

5

Account Types

8+

Countries

Regulated By

FSC (Belize)

Licence check: Not independently checked

Live Spreads

Not available

No live spread data from a named account is available for this broker. Figures are published only with the account type and capture time.

Independent report by BrokerBazaar Research TeamHow we rate brokers

FBS broker analysis: regulation, fees, withdrawals and risks

Independent broker profile covering verified entities, regulation, costs, platforms, withdrawals, risks and user feedback. BrokerBazaar is not FBS and does not operate any brokerage.

Profile ownership

Not claimed by broker

No representative of FBS manages this page. This says nothing about its licence, and the score and regulation data are the same whether or not a profile is claimed.

Information source

Under review

Details are currently being reviewed against public records.

Licence check

Not independently checked

Confirm the licence on the regulator's public register before opening an account.

Editorial review

Reviewed 29 Oct 2026

Date the BrokerBazaar research team last regenerated this analysis from the stored record.

Legal entity

FBS Markets Inc.

Founded

2009

Headquarters

Belize City, Belize

Regulators

FSC (Belize)

Minimum deposit

$5

Spreads from

0.7 Pips

Commission

$0 (Standard)

Max leverage

1:3000

Platforms

FBS app, MetaTrader 5, MetaTrader 4

Account types

Cent, Standard, Micro, Zero Spread, ECN

FBS regulation and licence table

Each row is one legal entity. Verify the licence on the official register; a company registration is not a brokerage licence.

EntityRegulatorLicenceAuthorised activityRegionLicence check
FBS Markets Inc.FSC (Belize)4077102Official register Not stated on submission; confirm on the registerBelize (Global)Not independently checked
Tradestone LimitedCySEC

Cyprus Securities & Exchange Commission

Strict oversight
331/17Official register Not stated on submission; confirm on the registerCyprus / EUNot independently checked
Intelligent Financial Markets Pty LtdASIC

Australian Securities & Investments Commission

Strict oversight
426359Official register Not stated on submission; confirm on the registerAusraliaNot independently checked

FBS at a glance

FBS is a global broker with 27 million traders worldwide. Known for their beginner-friendly approach, generous bonuses, and very low entry barrier with cent accounts starting from $1.

FBS reports a founding year of 2009 and a head office in Belize City, Belize. It lists 1 regulator and 3 trading platforms.

BrokerBazaar verdict

FBS holds genuine CySEC and ASIC licenses, but most global clients trade under its lightly regulated Belize entity — and a recent spike in complaints alongside a Malaysia regulatory alert warrants real caution.

Legal entities, regulation and licences

FBS operates through 3 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.

Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.

Countries accepted and restricted

FBS states that it accepts clients from India, Indonesia, Malaysia, Thailand, Egypt, Nigeria, Brazil, Vietnam. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.

Trading products, platforms and account types

Instruments: not disclosed. Platforms: FBS app, MetaTrader 5, MetaTrader 4. Account types: Cent, Standard, Micro, Zero Spread, ECN.

Best-for tags assigned by our team: Beginners, Low Deposit, Copy Trading, Crypto.

Minimum deposit, spreads, commissions and other charges

The minimum deposit is $5. Spreads start from 0.7 Pips and commission is $0 (Standard). Maximum leverage is 1:3000 (dynamic), subject to the cap of the entity that holds your account.

Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.

Deposits and withdrawals

Deposit methods: Bank Transfer, Credit Card, Skrill, Neteller, Perfect Money, Crypto. Withdrawal methods: Bank Transfer, Credit Card, Skrill, Neteller, Perfect Money.

Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.

Execution model, negative balance protection and client money

Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.

Client-money rules follow the regulator of the entity that holds your account: CySEC: Segregated under MiFID II client-asset rules. Compensation: ICF — up to €20,000 per client. ASIC: Held in segregated client trust accounts under the Corporations Act. Compensation: No central scheme; AFCA handles disputes.

Complaints and dispute process

Formal complaints: complaints@fbs.eu. Phone: Not available. Complaints can be submitted through the client account or by email to complaints@fbs.eu. The Compliance Department reviews and investigates each complaint, then informs the client in writing of the outcome. If unsatisfied with the resolution, clients may escalate to the Financial Ombudsman of the Republic of Cyprus.

If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.

Strengths and limitations

  • Strength: Ultra-low $1 minimum deposit
  • Strength: Cent accounts for practice
  • Strength: Very high leverage up to 1:3000
  • Strength: Regular bonuses and promotions
  • Strength: Good mobile trading app
  • Limitation: Weaker regulation compared to top-tier brokers
  • Limitation: Higher spreads on basic accounts
  • Limitation: Limited advanced analytical tools

Who this broker suits, and who it does not

FBS is most relevant to traders looking for: Beginners, Low Deposit, Copy Trading, Crypto.

It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.

FBS change history

Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.

No fact changes recorded for FBS yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.

Frequently asked questions about FBS

Data sources. Broker submission, the regulator registers linked above, FSC Belize register, web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: Trustpilot 4.3/5; WikiFX 1.66/10; Forex Peace Army 2.5/5; Google Play Store 4.6/5.

Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with FBS through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.

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